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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
MA
MarcinO
Rep: 67
Posts: 5,506
The next level is about 1.2750-60


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6e 2014 10 21 3 png
MA
MarcinO
Rep: 67
Posts: 5,506
ABCD to 1904-06? If not maybe 1895.


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es 2014 10 21 png
MA
MarcinO
Rep: 67
Posts: 5,506
After line-to-line reaction to the previous area the Euro is heading towards 1.27.
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MarcinO
Rep: 67
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6e 2014 10 21 4 png
RA
rat89
Rep: 0
Posts: 7,015
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screen shot 2014 10 21 at 10 31 09 am png

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screen shot 2014 10 21 at 10 31 24 am png
MA
MarcinO
Rep: 67
Posts: 5,506
ES hit 24-25 and doesn't seem to stop.
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MarcinO
Rep: 67
Posts: 5,506
31 has some lines, but 41-46 is really interesting spot.If it is hit tomorrow the range should be lower as lines converge at that time.


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es 2014 10 21 2 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, that's 49.25 points right there off the setup. Pretty remarkable. This relentlessly fantastic trading potential just keeps going, week after week.
JI
jimkane
Rep: 3,058
Posts: 33,089
Keep an eye out here.
JI
jimkane
Rep: 3,058
Posts: 33,089
High there was 50.50 off the setup, by my data.
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, the ES did something it usually doesn't do, and that's make any kind of move in the Friday after close mini session. This time it kept moving up, set a new high for the entire move, and closed almost at the high tick. It is now fully at the monster weekly backtest line. If this is a bear market, it should roll off this, and roll hard. There is a key area above, built from the immediate price action, and that comes in at 76-87, with a grouping of key Fibs at 94.00-95.50. I could see it hitting the lower end of the area, maybe a little above the lower end, and still be respecting the key TL backtest, but not much more.

Still, does it even seem remotely feasible that this is going to dump to significant new lows from here? The only hope I see at all is that not only do all pundits and analysts say no, it's completely and utterly an impossibility, most readers in here, I believe, are also saying no out loud right now. And that's not meant as a slight to the readers in here, who are among the most highly informed out there, I feel, it's more meant to imply just how good they are at sucking people in. We'll see. I don't really care, from a trading standpoint, what these maniacs do with it. So, that's what I'm working with as we reach arguably the most critical juncture perhaps in trading history.